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Corrib gas could push up prices

10 July 2011 By John Burke Public Affairs Correspondent

Homeowners are facing the ‘‘very likely’’ risk that energy prices could rise due to competition between the new Corrib gas supply and the Bord Gáis owned undersea gas-supply interconnectors, the state energy regulator has warned.

In a paper published last week, the regulator said that any decline in demand for gas from the Bord Gáis interconnectors could be expected to fall following the addition of supply sources, but it also warned that this might lead to higher prices for consumers. read more

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